re: Ann: Wilcox Update - Heintschel 1 flows g... Let's not forget bur this year doubled the number of shares just to raise about $5mil to drill these wells
the biggest one is h1 where at best will make $30mil over possibly 15 years.
Who cares what the inital flow rate is when it never lasts it's about EUR
the top part they tested is the bit they drilled for, the product below is a bonus second formation that will be lower quality.
They aimed for 7bcf and with the bit below think they have 30bcf that's not going to pay the bill and future exploring costs
sandy must pull a rabit out a hat now
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